Question
If the assets of a business increased $91,000 during a period of time and its liabilities increased $68,000 during the same period, equity in the
If the assets of a business increased $91,000 during a period of time and its liabilities increased $68,000 during the same period, equity in the business must have:
Multiple Choice
Increased $23,000.
Decreased $23,000.
Increased $91,000.
Decreased $159,000.
Increased $159,000.
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The Essentials Of Finance And Accounting For Nonfinancial Managers
Authors: Edward Fields
3rd Edition
0814436943, 9780814436943
